Former Federal Reserve Vice Chair Randal Quarles gives his take on the Fed’s reaction to collapse of the Silicon Valley Bank on ‘Kudlow.’
Subscribe to Fox Business! https://bit.ly/2D9Cdse
Watch more Fox Business Video: https://video.foxbusiness.com
Watch Fox Business Network Live: http://www.foxnewsgo.com/
FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
Follow Fox Business on Facebook: https://www.facebook.com/FoxBusiness
Follow Fox Business on Twitter: https://twitter.com/foxbusiness
Follow Fox Business on Instagram: https://www.instagram.com/foxbusiness/
source
Elegant solution? Maybe. Unforeseen? No, the writing was on the wall. Problems: inflation pressure and the risk taking by the banks is cosigned by the Fed. If the banks held gold instead of bonds like BIS was nudging them to, they would be up 45% and no liquidity problems what so ever. Now that's what I call elegant. And if all the banks came to this conclusion, gold would go a lot higher.
Little guy gets screwed again. These bank managers should give back the money or go to jail.
Fed oficial
On crimen
<Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $22,000 every single week.>
There should be limits on who can run banks. Those who run failed banks should be excluded from the industry.
Always the last administration gets slipped in
Elon wanted to buy … guess the Gov”t rather have woke control 🤷🏼♀️
Once again
Too big to fail!!
This current Fed Faction want Banks to fail in order to sell the hardworking citizens on a Federal controlled Crypto currency (digital dollar)!
When we printed all this money and a bank like SVB still has liquidity problems, it means that our economy is teetering on the edge of collapse.
The CEO of SVB told depositors to stay calm, guess he knew the bailout was coming. I wish to get information regarding insider trading? is this possible or must every other person stick with the rat race?
Can 5 Million rich people quit there jobs so the rest of us can put food on our table, Please !!!
This is a talk show?
Seem like. Talk only.
With all the money that was printed, I am surprised how a bank like SVB goes bankrupt. It all boils down to fundamentals. Biden's economic policies are severely and fundamentally flawed. This bank run is an early warning and the cracks are starting to show. And like a house of cards, this economy is going to collapse.
Another acrynom. CBDC the banks know thats where they are going and have no choice but to fail before it is is in place!!! No More wars and no CBDC!!!!
Kudrow is a tough interviewer
Extreeemely interesting no "green" commercials, funds or ventures bought SVB; completely unsurprising the traditional funds, ventures and commercials gave it a pass… KDM
I like the burning 🔥 behind the former fed official 😁
SVB DIDN'T MANAGE THEIR RISK!!!!
Wried
Showing tbills as risk assets didn't have anything to do with it? Lies
Somebody’s going to prison
America tax payers get screwed again
It’s always California or New York, that fail.
The 42 billion was withdrawn to duplicate what the CEOs already did because they knew the bank was a mismanaged disaster that gave loans to failed enterprises reliant on free money. And what bank fills their balance sheet with 10 year T-Bills at 2%?
Larry this man's explaining a normal non corruption committee not a corrupt committee, therefore it's a pointless conversation
I still blame the FEDs for this, because in the end they benefit by either buying off the failed banks cheaper or something. The fed can print credit as long as someone will borrow it into existence, but they cannot print product (or production).
The closure of banks for the US economy means a decrease in confidence in the system and financial institutions. Since the problem is of a systemic nature, we should expect the situation in the American and global financial systems to worsen and a new crisis is highly likely. There will be a storm in the US market, delayed since 2008 and exacerbated by the huge infusion of cheap money into the economy since that period. The EU countries will suffer the most because of their close relationship with the American economy. Today there is a war against that dirty green dollar. The whole world is shaking, the rates of all currencies are falling … the dollar is a fake piece of paper. The ruble is good, it is backed by gold, metal, oil, timber, our workers, our scientific potential. This dirty dollar is not backed by anything. There is a war going on today, against this dirty green dollar.
go woke………..go broke ….except for those who are in the know and take care of selves prior to…….
They didn’t need those requirements because business was good we had low unemployment rate, economy booming and inflation down and a great leader. Now these clowns are killing everyone’s dreams and getting us into wars and killing our import and export business. A total 180 with this circus.